LED business accounted for over 90% of Jiawei shares net profit plunged nearly 60%

[LED] Chinese Vtion Jiawei shares February 9th annual report released in 2014, the company's 2014 annual (1-12 months) achieved operating income of 680 million yuan, an increase of 6.15%, attributable to ordinary shareholders of listed companies net profit of 8 million 175 thousand and 300 yuan, fell 59.53%.

Jiawei shares said that in 2014 the company business income of the traditional LED lawn lamp business and special photovoltaic components declined slightly, LED lighting business revenue growth, through to the Zhongshan City products Lighting Co. Ltd. and the acquisition of the European L&D company, overseas sales network and the layout of the domestic market is becoming more rational. But on the other hand, the company invested in the field of LED main business, business segments and product lines continue to extend, resulting in a substantial increase in the company's sales costs and management fees, the company's net profit also declined.

Overall, the year 2014 of Jiawei shares LED business performance is good, LED business revenue reached 642 million yuan, an increase of 7.97%, accounting for the proportion of total revenue to 94.34%. And once as Jiawei shares the main business of the photovoltaic business revenue is only 2 million 285 thousand and 200 yuan, down 23.75%. Specifically, although the LED lawn lamp business revenue fell 13.37%, but 278 million yuan revenue still occupy the bulk of the LED business; LED lighting business revenue increased 41.98% year-on-year, reaching 234 million yuan; other LED products revenue 130 million yuan, an increase of 18.96%.

It is worth mentioning that, prior to the overseas business based Jiawei shares since to the layout of the domestic market after small gains, the domestic market to achieve revenue 7 million 122 thousand and 400 yuan, an increase of 324.82%. The overseas market revenue was down 2.33%, revenue of $593 million.

Data source: Jiawei shares 2014 Annual Report

In addition, it should be mentioned that last year by Jiawei shares acquisition pursang illumination did not give Jiawei shares with performance in the 2014 year, the 2014 annual revenues of 39 million 597 thousand and 900 yuan, 495 thousand and 300 yuan loss. (China LED network Sophie)

Data source: Jiawei shares 2014 Annual Report

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